PTSB accused of holding up tracker redress across the banking industry

SF’s Pearse Doherty says bank’s legal action stalled examination of tracker issue

Jeremy Masding, CEO of Permanent TSB:  said the bank withdrew its appeal when the full extent of the tracker issue became clear. Photograph: Cyril Byrne

Jeremy Masding, CEO of Permanent TSB: said the bank withdrew its appeal when the full extent of the tracker issue became clear. Photograph: Cyril Byrne

Permanent TSB has been accused of holding up redress and compensation for thousands of customers affected by the tracker mortgage controversy not just in its own bank but across the industry by challenging a High Court ruling back in 2012.

The bank appealed the court’s judgment in relation to four customers, who had taken a case against PTSB after they were wrongly denied the option of a tracker rate at the end of a fixed-rate term.

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